What Long-Term Care Costs Where You Live

Long-term-care costs are rising at the same time that the options available to families are getting more complicated and tougher to comparison-shop, a new study finds.

As Weekend Investor reported Oct. 27, long-term-care costs in a number of categories have risen faster than inflation over the past year, according to MetLife’s Mature Market Institute. At the same time, care providers are changing the types of services available or bundling services in new and at times confusing ways.

MetLife’s gerontology research arm had planned to release a market-by-market breakdown of the costs on Oct. 30, but the date was held up by superstorm Sandy.

Now, the entire study is online. You can look at cost breakdowns locally for nursing homes, assisted-living facilities, home health care, homemakers and adult day-care services. It’s a powerful tool for families to make tough choices in planning for their loved ones.

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